A NEW cycleway, performance space and skate park will be part of the $36 million revamp of Centennial Park, when the NSW government releases the final masterplan for the park today.

The new cycleway connecting the Woolhara and Paddington entrances of the park will be one of the first priorities of the redevelopment, along with public lockers, and a new cafe.

The government and parks management have been consulting with the public since May, and more than 3,000 submissions were made by residents and organisations.

An artist's impression of the Centennial Park master ...Source:Supplied

The park will get an education centre, new pathways around the park, a new performance space in the middle of the park, and a network of fitness stations.

An "active play" area for young children will have rock climbing walls and slides, and a games lawn that includes a table tennis table, bocce and outdoor chess.

Horses will be kept in a new undercover stable, where members of the public can hire them for casual rides on the southwest shared trail.

An artist's impression of the Centennial Park master ...Source:Supplied

The addition of a skate park near the Bondi Junction end of the park comes after submissions from the public, which raised concerns that there was not enough in the draft plans that catered for teenagers and young adults.

Environment minister Robyn Parker said the masterplan represented a historic moment for Sydney.

"In its 125 year history, Centennial Park has never had a master plan," Ms Parker said.

"The plan ensures that Centennial Park will be retained as a historic, peaceful oasis in our city, with its much-loved trees, green spaces and landscape areas."

Centennial Parklands CEO Kim Ellis said the new performance space in the middle of the park would go ahead, despite concerns from nearby residents.

"There is always going to be a few people who have a problem with events in the park. Events have been part of the park's history since Federation. The space is in the middle of the park, as far away from people's houses as possible,'' Mr Ellis said.

An artist's impression of the Centennial Park master...Source:Supplied

Submissions to the masterplan suggested that access fees should be charged for park entry, but Mr Ellis said there was no immediate plan to bring them in.

The plan notes that some submissions suggested management should consider "phasing in over a five-year period a small car levy for all cars entering the park to help ameliorate maintenance costs on its roadways."

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